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Property News
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NBR Property - Prosecuted real estate agent escapes conviction - Wednesday, 10th March, 2010
Despite breaching the Fair Trading Act for misleading a buyer, real estate agent Tim Whitehead left the High Court without a conviction and remains a licenced agent.
In 2004 Mr Whitehead advertised a Wellington property as seeking enquiries above $380,000 though the vendor wouldn’t consider less than $400,000.
After a lengthy court process in 2007 Mr Whitehead was fined $7500 in the Hastings District Court for three charges of breaching the Fair Trading Act on misleading use of a ‘buyer enquiry over’ price. - Ex-Rich Lister gets more time before bankruptcy hearing - Wednesday, 10th March, 2010
- Rich Listers behind $33m Wellington building buy - Tuesday, 9th March, 2010
- More Henderson companies facing liquidation - Tuesday, 9th March, 2010
- Commercial property players pick tough 2010 for industry - Monday, 8th March, 2010
Colliers News- Farmers parent buys Lambton Quay tower - Monday, 8th March, 2010
OWNERS of the Farmers department store chain have paid $33 million to buy the landmark block that its Lambton Quay Farmers store operates from. - Crushed by the Wheels of Industry - March Research Report - Friday, 5th March, 2010
The industrial property market is still being seriously squeezed, with over 650,000 square metres of warehouse and factory space empty across Auckland, but there are signs that the pressure is easing. - Brand New Day - February Research Report - Friday, 5th February, 2010
Welcome to our first report of 2010. From now on we are publishing in the first week of each month. We have a new year, but do we have a new look for 2010? Our new data may give some clues to the year ahead. - Confidence flattens in ?pause for breath? - Friday, 18th December, 2009
Colliers International?s December quarter commercial property confidence survey shows that confidence levels across the country have flattened since September. - Here Comes The Sun - December Research Report - Friday, 18th December, 2009
The headline reflects our hopes for the summer holiday weather rather than a sunny outlook for the property market in 2010. Our new confidence and vacancy survey results suggest that there are still clouds on the horizon.
The Rates Blog- Kiwibank to raise up to NZ$150 mln in tier 1 preference share capital issue - Wednesday, 10th March, 2010
Kiwibank has announced plans to raise up to NZ$150 million of tier 1 capital through a perpetual callable non-cumulative preference share issue opening in early April. It has not set an interest rate yet.
The preference share issue will be similar to tier 1 issues by other major banks in early 2008 when they wanted to [...] - Unexpected strength in terms of trade - Wednesday, 10th March, 2010
New Zealand’s merchandise terms of trade improved almost 6% in the December quarter from the previous quarter, data out from Statistics NZ today shows.
In fact, the increase in the terms of trade was the largest since 1976 and followed six consecutive quarterly falls. Year-on-year, however the index was down more than 8%, as those previous [...] - Insurance: Is it time for a pay-as-you-drive car policy - Wednesday, 10th March, 2010
Product innovation in the car insurance industry is likely toi turn the industry upside down - Top 10 at 10: More US bank problems; Fart power; China no gold bug; Dilbert - Wednesday, 10th March, 2010
Here are my Top 10 links from around the Internet at 10am. I welcome your additions and comments below or please send suggestions for Thursday?s Top 10 at 10 to bernard.hickey@interest.co.nz We have no use for bathtubs at Interest.co.nz
1. Fast bank runs – Yale professor Gary Gorton, who is a pillar of the establishment, has [...] - Government to end wholesale bank guarantee from April 30 - Wednesday, 10th March, 2010
Finance Minister Bill English has announced that New Zealand’s government guarantee for wholesale bond issues by banks will end on April 30, following the end of a similar Australian guarantee from March 31.
The guarantee was used by New Zealand’s banks to issue NZ$10.3 billion worth of bonds under 24 guarantee certificates. There have been no [...]
3News- Housing NZ rolls out new assistance scheme - Wednesday, 10th March, 2010
Acting Housing Minister Maurice Williamson said the department could not house everyone who walked through its doors. - House prices stabilise in uncertain market - Monday, 8th March, 2010
The property market is cooling off as more homes come on the market. - Are you better off renting or paying a mortgage? - Monday, 8th March, 2010
Home and Income properties are an ideal vehicle for co-investing, as are properties with two living areas. - Property prices up again, but flattening - Monday, 8th March, 2010
Nationally, values were now 3.9 percent below the peak of the market in late 2007, QV said. - Govt seeks cheaper way to build small homes - Friday, 5th March, 2010
The Government wants to make it cheaper to build simple smaller homes without compromising design quality.
nzherald.co.nz - Commercial Property- Questions hover over $160m ASB block - Wednesday, 10th March, 2010
The planned $160 million ASB headquarters should be a good deal for its developer and landlord but there are some concerns, an analyst says.Jason Lindsay, research analyst at Credit Suisse, said the $1.8 billion Kiwi Income Property... - Work starts on Bacchus leak problems - Wednesday, 10th March, 2010
Teak Construction is working on the leaky 51-unit Bacchus apartments and retail block on the North Shore.The luxury $6 million Browns Bay block, not far from the waterfront, suffered extensive problems after Multiplex Constructions... - No more ground rent for owners - Wednesday, 10th March, 2010
Land at one of New Zealand's largest high-density housing estates has been converted from leasehold to freehold title.Beaumont Partners, directed by Auckland developer Nigel McKenna, has sold land at the 258-unit Beaumont Quarter... - Plea to delay Dubai repayments - Wednesday, 10th March, 2010
DUBAI - Dubai World, the state-owned holding company in talks to renegotiate about US$26 billion ($37 billion) of debt, will ask banks for permission to delay loan repayments when it presents a plan to creditors this month, said three... - No fraud found say liquidators - Sunday, 7th March, 2010
Blue Chip liquidator Jeff Meltzer says he's seen no evidence of fraud during his investigations into the collapse of the property investment group.Meltzer and his colleagues are due to release a report explaining how they may...
nzherald.co.nz - Residential Property- High Court nullifies 'landmark conviction' - Wednesday, 10th March, 2010
Welllington real estate agent Tim Whitehead has won a "discharge without conviction" by appealing to the High Court over his landmark convictions for misleading home buyers.Whitehead complained to the court that legislation passed... - No more ground rent for owners - Wednesday, 10th March, 2010
Land at one of New Zealand's largest high-density housing estates has been converted from leasehold to freehold title.Beaumont Partners, directed by Auckland developer Nigel McKenna, has sold land at the 258-unit Beaumont Quarter... - Toughest sell starts at home - Tuesday, 9th March, 2010
The hardest part of the process of selling your home is letting go. Once you have done that, the rolling-up-your-sleeves process is just a list of tasks. You can do this two ways: 1. Hold on to your house as your own precious... - Home building up 7.4pc in December - Monday, 8th March, 2010
The seasonally adjusted volume of residential building activity rose 7.4 per cent in the December quarter, while non-residential volume fell 6.1 per cent.That left the seasonally adjusted change in the volume of all building work... - So you want to live in: Otumoetai - Monday, 8th March, 2010
Otumoetai is a spread-out Tauranga suburb, taking in the Pillans Point, Cherrywood, Bureta, Brookfield and Bellevue areas. It's popular with both young families and older, retired folk.Prior to the 1950s, the Otumoetai peninsula...
All the latest news from www.aboutproperty.co.uk - Property Finance & InvestmentThe Australian | Property- Housing shortage a challenge: RBA - Wednesday, 10th March, 2010
A SENIOR Reserve Bank official says tackling the housing shortage is a pressing economic challenge facing Australia. - Investors move back to property - Wednesday, 10th March, 2010
PROPERTY investors have returned in force to Australia's major capital cities. - Ex-funds man in strife - Wednesday, 10th March, 2010
A FORMER senior Macquarie Bank funds manager has been caught trying to leave the country in defiance of a court order. - Prime Infrastructure shuffle - Tuesday, 9th March, 2010
PRIME Infrastructure Group has announced the resignation of chief executive Jeff Kendrew. - Charter Hall buys two retail centres - Monday, 8th March, 2010
CHARTER Hall Retail REIT has acquired two retail properties in Australia for $69.8 million following its recent restructure.
WSJ.com: Real Estate- Helmsley Estate Sells Manhattan Hotel - Wednesday, 10th March, 2010
The Helmsley Carlton House is being sold to a partnership between private-equity firm Angelo, Gordon & Co. and Extell Development for about $170 million. - BofA Ends Overdraft Fees on Debit Buys - Wednesday, 10th March, 2010
Bank of America plans to announce that it is eliminating $35 overdraft fees on debit-card purchases as the bank tries to stay ahead of a sweeping round of regulations. - Apollo Signs Citigroup Deal - Wednesday, 10th March, 2010
Apollo's purchase of Citigroup's real-estate investment business would give Joseph Azrack a second tour of duty. - European REIT Rollout at Hand - Wednesday, 10th March, 2010
With European property markets beginning to recover from the market downturn and global recession, there are signs that the REIT revolution could be at hand. - General Growth Lines Up More Capital - Tuesday, 9th March, 2010
Mall owner General Growth Properties has bolstered its case for exiting from bankruptcy protection as a stand-alone company.
WSJ.com: Commercial Real Estate- BofA Ends Overdraft Fees on Debit Buys - Wednesday, 10th March, 2010
Bank of America plans to announce that it is eliminating $35 overdraft fees on debit-card purchases as the bank tries to stay ahead of a sweeping round of regulations. - Apollo Signs Citigroup Deal - Wednesday, 10th March, 2010
Apollo's purchase of Citigroup's real-estate investment business would give Joseph Azrack a second tour of duty. - European REIT Rollout at Hand - Wednesday, 10th March, 2010
With European property markets beginning to recover from the market downturn and global recession, there are signs that the REIT revolution could be at hand. - General Growth Lines Up More Capital - Tuesday, 9th March, 2010
Mall owner General Growth Properties has bolstered its case for exiting from bankruptcy protection as a stand-alone company. - General Growth Debt Bet Pays Off - Tuesday, 9th March, 2010
A handful of investors dug to the bottom of the discount bin and snapped up General Growth's convertible bonds at three cents on the dollar. They now trade at 103 cents.
NYT > Real Estate- Property Values: What You Get for ... $175,000 - Wednesday, 10th March, 2010
A cabin in Heber City, Utah, a Gothic revival in Seneca Falls, N.Y., and a condo in Milwaukee.
- On Location: Bringing a Taste of New York to Johannesburg - Wednesday, 10th March, 2010
Adam Levy lives in a 10-story building that he converted into seven spacious floor-through apartments, including his own duplex penthouse that he finally completed last fall.
- International Real Estate: House Hunting in ... England - Wednesday, 10th March, 2010
Surrey, a county to the southwest of London, suffered a real estate setback in 2008, after years of steady price increases.
- The Renter Roadblock - Saturday, 6th March, 2010
Renters were a godsend when the market went into hibernation. But now that buyers are stirring, some owners wish their tenants would just go away.
- Square Feet: Landlords Show Tepid Response to Hourly Electricity Rates - Wednesday, 10th March, 2010
Only about 100 of 790 buildings that are eligible for hourly prices have opted for the Con Ed service.
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